Bonus and Brokers

If you see a bonus of more than 40%, you can be sure it's a scam.

HeavLeighGill26 posted:

AurelieFrancis posted:
I personally avoid trading with bonus brokers because I was previously scammed by a broker that offered a bonus.

Now I trade with a proper regulated broker, FP Markets, that offers no bonus but good trading conditions and a customer service team.

Sounds about right. I don't understand why people believe brokers would just give free money away without a catch. Especially these really large too good to be true sounding offers. I've read many reviews on FPA and other sites where traders don't understand why the broker won't process the withdrawal that includes profits made from a bonus. Honestly, you rarely win in the end and it's better to just choose a broker with lower fees that to have to worry about them making their 'bonus' money back.

Honestly, I would suggest the same as well to other traders. Don’t run behind bonuses and attractive offers that shout “free money” in other words. Stick to the basics. Choose a broker that offers tight spreads, lower fees, and accurate real-time forex data.

I don't have much confidence in these brokers.

Tried aaafx and xm deposit bonus (100% and 70% respectively) and both have good trading conditions. Plus they are regulated so my funds are in good hands.

electrica333 posted:
Tried aaafx and xm deposit bonus (100% and 70% respectively) and both have good trading conditions. Plus they are regulated so my funds are in good hands.

Did you actually get the bonus? could you withdraw it?

I agree, there are different types of bonuses, you need to carefully study all the necessary information to begin with.

can you please make sure more about this ?

The maximum bonus offered by brokers is 40%.
If you encounter more than this amount, I assume that you have encountered a scammer.